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London (UKX) -0.53% The British economy expanded 0.6% year-on-year in the third quarter of 2023, the same as in Q2, and slightly above forecasts of 0.5%.
Germany (DAX:IND) -0.39%
France (CAC:IND) -0.65%
The annual inflation rate in the Czech Republic rose to 8.5% in October 2023 from a 22-month low of 6.9% in the previous month.
Industrial production in Slovakia fell by 0.6% year-on-year in September 2023, following a 21-month high of 4.6% growth and against market expectations of a 4.2% rise.
Industrial production in Austria shrank 3.3% year-on-year in September 2023 from a downwardly revised 1.6% decrease in the previous month.
Construction orders in the UK declined 20% from a year earlier in Q3 of 2023, slipping further from a 17.6% fall in the previous quarter.
The pan-European Stoxx 600 (STOXX) dropped 0.54% after Fed Chair Jerome Powell said that banks have done enough to rein inflation. Food and beverages stocks slide while insurance stocks added.
In the bond market, the U.S. 10-year Treasury yield was down 3 basis points at 4.60%.
Germany’s 10-year yield was up 4 basis points to 2.69%.
U.K.’s 10-year yield was up 4 basis points to 4.31%.
Coming up in the session: ECB President Lagarde set to speak today.
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